A new MoU between CVF-V20 and JS Bank aims to expand climate finance in Pakistan by supporting bankable green projects, domestic capital mobilization and the country’s Climate Prosperity Plan.
Pakistan’s push to scale up climate finance received a boost as the Climate Vulnerable Forum and the V20 Finance Ministers Secretariat (CVF-V20) signed a Memorandum of Understanding with JS Bank to deepen collaboration on the country’s Climate Prosperity Plan and expand green investment.
The agreement, signed in Karachi, aims to turn climate vulnerability into opportunities for resilience and economic growth by encouraging stronger private sector participation and mobilizing investment in environmentally sustainable projects. It marks a significant step in strengthening Pakistan’s climate finance ecosystem.
Under the partnership, the CVF-V20 Secretariat and JS Bank will explore ways to develop and finance bankable climate projects, focusing on renewable energy, green transportation, sustainable infrastructure and climate-resilient agriculture.
The collaboration will also support the structuring and financing of JS Bank projects aligned with Pakistan’s Climate Prosperity Plan. It includes plans to establish a local resource mobilization group to channel domestic capital into CPP priorities and scale up investment across the national pipeline.
Speaking at the signing ceremony, Hamza Haroon, regional director for South and West Asia at the CVF-V20 Secretariat, stressed the role of financial institutions in turning climate strategies into real outcomes. He said partnerships with leading banks are key to unlocking investment flows while building confidence and credibility in climate-aligned projects.
Noman A. Soomro, chief of staff and head of project management at JS Bank, said climate change is a local reality affecting the lives of people the bank serves. He highlighted the bank’s intention to contribute origination and structuring capacity to help deliver Pakistan’s Climate Prosperity Plan, providing sustainable tools for a greener and more secure future.
The MoU also outlines plans for knowledge sharing, innovation exchanges and capacity building to improve access and strengthen the climate finance ecosystem.
The collaboration is expected to help bridge the gap between climate ambition and financing, positioning Pakistan’s financial sector as a key driver of resilience, investment and long-term economic growth.
Source: The Diplomatic Inside
